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215 Unity Bank employees sacked

Unity Bank Plc has reportedly sacked at least 215 employees.The workers were allegedly sacked for their inability to cope with the new ideas and strategy of the institution.Those relieved of their jobs were, however, asked to resign while management has approved severance package in line with the bank’s policy.

Despite the claim that the development was part of Unity Bank “reengineering strategy for greater performance”, the economic situation of the country might have been a factor.

Meanwhile, some of the sacked workers have alleged injustice in the way they were relieved.

They dismissed the “reengineering strategy” reason being sold to the public by Unity Bank, insisting that the downsizing was a deliberate action to cut staff strength to reduce cost.Source: BMP